Peak season for container shipping typically occurs in the third quarter of each year. This is a time when goods are shipped from manufacturing centers in Asia and elsewhere to Western markets like North America and Europe. Herbert Lee, Shipco’s regional director for Hong Kong & South China, describes what happens when demand for shipping […]
Read MorePublic attention has waned two years into the crisis that disrupted global supply chains, giving the impression that everything is back to normal. On the ground, the US’s busiest port complex is still battling bottlenecks across the board. Responsible for 42% of all containerized trade with Asia, the US’s largest hubs of Los Angeles and […]
Read MoreSupply chains are experiencing a massive bullwhip from the COVID economy and have built up massive inventory levels. A slowdown in consumer spending caused by inflation and a potential recession will have a massive impact on freight demand and prolong an inventory drawdown. As we look at the pandemic through the rearview mirror, the economy […]
Read MoreCarriers have warned the Tran-Atlantic’s low schedule reliability in April will continue to persist through the rest of the year. “We do not expect an improvement in schedule disruptions through the end of the year,” Matthew Hill, head of the North America import market for Maersk, told JOC.com. “The primary issue will be the […]
Read MoreU.S. Customs and Border Protection announced the publication of the Notices of Proposed Rulemaking (NPRMs) for the long-awaited update to 19 CFR 111. The NPRM for the Modernization of the Customs Broker Regulations (85 FR 34836) and the NPRM for the Elimination of the Customs Broker District Permit Fee (85 FR 34549) were published on June […]
Read MoreA study by Sea-Intelligence Maritime Analysis estimates shippers have lost up to US$10 million stemming from cargo delays over the past two years. Measuring schedule reliability from the perspective of cargo being moved, data by Sea-Intelligence shows that pre-pandemic, the baseline level of cargo arriving late was at 20% but had increased to […]
Read MoreThe Federal Maritime Commission (FMC) is establishing three new initiatives that will provide enhanced assistance to shippers, continue to improve legal and regulatory compliance of regulated entities, and focus on remedies to supply chain problems. At the direction of Chairman Daniel Maffei, the Commission will: establish a new and permanent International Ocean Shipping Supply Chain […]
Read MoreAir cargo demand in May has continued to wane while rates have kept rising on major East-West trades compared to a year ago. Average rates from Hong Kong to North America in May increased by 21.7% y/y and 1.2% m/m. From Hong Kong to Europe, average rates for May increased by 34.2% y/y and […]
Read MoreTruckload rates for U.S. spot market loads has cooled in the last three months. The market correction in trucking is currently limited to dry-van and temperature-controlled truckload, while demand and rates remain elevated for flatbed, less-than-truckload (LTL), and last-mile and parcel freight. Donald Broughton, transportation analyst and principal of Broughton Capital, said there is not […]
Read MoreNo material impact on blank sailings has yet been observed from the lockdown in Shanghai said Sea-Intelligence. The lockdown in Shanghai differs from the Yantian closure in 2021 as Shanghai port remains open and operational, Sea-Intelligence said, with the “problematic part” being the closed manufacturing sites and warehouses, as well as a reduction in available […]
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